New York-based Forex Capital Markets (FXCM) has released a comprehensive Spreads Report for 2015, detailing average spreads throughout last year on Standard, No Dealing Desk trading accounts.
“The data in this report is derived from real, tradeable spreads available to FXCM clients with Standard accounts from January 1st, 2015 through December 31st, 2015.”According to figures stated in the report, the average spreads on the EUR/USD, AUD/USD and USD/JPY were 0.3 pips at peak trading hours, with “75% of EUR/USD, 62% of USD/JPY, and 61% of AUD/USD volume” being traded at peak hours.
FXCM considers peak hours to be between 1am to 1pm EST during the week, excluding weekends. During non-peak hours, average spreads on the four major pairs were doubled:
